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Trading Online: A Step-By-Step Guide to Cyberprofits

Trading Online: A Step-By-Step Guide to Cyberprofits

List Price: $29.95
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Product Info Reviews

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Rating: 5 stars
Summary: Don't Be Deceived
Review: An excellent book. When I first received this book from Amazon, I have to admit I was a bit worried, because flicking through section 1 (which the basics for beginners) I thought this was going to be a beginners guide. I was wrong.

Looking deeper I realised Section 1 is to be ignored by intermediate and Advanced Users. The author provides detailed Action Plans and Skeleton Plans for trading online in every type of product and time-frame (different skeleton and action plans for each one).

These plans are excellent. They have re-organized the way I trade. They should be pattented.

My only complaint: I had to photocopy the plans for easier access on my desktop - could the publishers have made them detachable.

Rating: 5 stars
Summary: Volumous content
Review: Great amounts of pure online trading gold. Been waiting for this for ages, at long, long last someone has actually written it.

Unique in coverage, really found it straightforward and no no-nonsense. Really good.

Rating: 5 stars
Summary: Total Online Trading
Review: Having flicked through the book at the local bookstore before buying it, I was delighted to receive my own copy.

By far and easily the best online trading book out there - I know because this one made me money.

Rating: 1 stars
Summary: Not an investors book
Review: I bought this book a few years ago to try an extend my knowledge of trading/investing in the securities market. Unfortunately, there is little if any information of the sort, but rather this book is filled with elemetary (read - useless) instructions of how to set up a computer, which internet provider to go with, and a list of online brokerage firms to choose from. The author is obviously trying to put a book out to make a quick buck. There is no trace of knowledge here. There is no investing/trading substance to this book. Avoid this book if you can. If you want a great beginner's guide to day trading, get Toni Turner's. If you've been under a rock for the past ten years and have never heard of the Dow Jones and also have never seen a computer, then this is the book for you.

Rating: 1 stars
Summary: Not an investors book
Review: I bought this book a few years ago to try an extend my knowledge of trading/investing in the securities market. Unfortunately, there is little if any information of the sort, but rather this book is filled with elemetary (read - useless) instructions of how to set up a computer, which internet provider to go with, and a list of online brokerage firms to choose from. The author is obviously trying to put a book out to make a quick buck. There is no trace of knowledge here. There is no investing/trading substance to this book. Avoid this book if you can. If you want a great beginner's guide to day trading, get Toni Turner's. If you've been under a rock for the past ten years and have never heard of the Dow Jones and also have never seen a computer, then this is the book for you.

Rating: 5 stars
Summary: Great deal learnt by me
Review: I found it very useful to come to this book by someone who obviously trades for a living. The subtle insights that can only come from someone who does this for a living were clear.

The book contains lots of great humor, and ample material about how to trade effectively online and the best online sites around.

A real treat to read and lots to be learnt even for one like me who has been trading for a few years now.

Was a little surprised by the no-brainers who reviewed it pooly on Amazon and just didn't get that the book was for people serious about trading. An excellent book, made me a lot in todays volatile markets.

Rating: 1 stars
Summary: This book was not a good investment!
Review: I was very disappointed with 'Tading Online'. It gives a superficial, incomplete and somtimes misleading view of the subject matter. For example, I read that "read only memory" is "RAM" (page 20), and that "firewalls" are "walls of fire" (page 113). Instead, I recommend readers try 'Online Investing' by Jon Markman which I give *****.

Rating: 1 stars
Summary: a "learn to invest for pre-schoolers"
Review: I'm only sorry I didn't get around to returning this book within the 30 days required by Amazon. "DO you know what a computer is?" - if so skip chapter one. "DO you know what the internet is?" - if so skip the next 10 chapters. This book is NOT for serious investors. This book is for some retired person who knows absolutely nothing about computers and the internet and saw the add for Ameritrade on TV.

Rating: 5 stars
Summary: Time for a proper review
Review: The book is divided into Sections.

Section 1 deals in the basics for the novice of getting online, choosing ISPs, computer hardware, printers etc. This will be basic for most online traders, but as the author says, it can be skipped by those already 'up to speed'.

Personally, I would have prefered this section at the end. The final chapter(8) of Section 1 offers some interesting tips on speeding up access to the internet - which strictly do not fall into the field of Trading Online, but are appreciated.

Section 2 "The Road to Profit" represents the start of the book proper in my opinion. The section begins with an introduction to action plans. At first I was doubtful if this method of organisation would work, however, having tried them it does tend to provide a useful framework for trading.

These action plans, are composed of 7 steps, each necessary for trading online. The steps include price data, fundamental analysis, technical analysis, broker execution methods, portfolio monitoring etc. The book explains the importance of each, and for the important step of analysis for determining likely price moves, the book details some strategies and systems.

Having explained the significance of eaxh step and how it relates to each further step, the book moves on to Section 3, which is a list of recommended sites for each of the steps. The sites listed here are cross-referenced to Section 4 of the book, where they are grouped according to whether they are online brokerages, Mutual Fund Sites, Technical Analysis sites etc.

The idea behind Section 3 is that you go through each step, say for example Step 3 (Analysis) choosing the sites you think are worth visiting by looking at their description, review and summary of contents provided in the book. You then settle on the core sites for each Step, and stick to them each time you trade. As I have said, how best to use the sites as part of your overall plan is well explained.

At first I was a little sceptical of whether this would work, and admittedly it helped when I photocopied the action plans. This then meant that a lot of the hard work had been done for the reader.

The sites covered in Section 4 are quite exhaustive, but the book makes it clear, only sites considered worth visiting, in the opinion of the author, are listed. Sites are listed under, 'a little bit of everything', 'technical analysis sites', 'Brokerage sites', 'Mutual Funds', 'Futures and Options', 'Exchanges', 'Bonds', 'Forex', 'Options Analysis', 'Gurus and Newsletters', 'Discussion Forums', 'E-Zines'.

As one would expect stock traders are given the most space and are catered for best, and one complain.

Section 5 is the end-part of the book, and is aimed at further research. 3 chapters cover the issue of using Search Engines properly, Financial Directories and Online Bookstores.

There are a plethora of appendices covering tech analysis, fundamental analysis, options and futures. I take issue with some of the books in the recommended reading list, in that I definately disagree on some of the recommendations, but that is not a critical issue. For good measure there is a glossary and index.

The graphics and layout are very good, in that the font is easy on the eye, the layout helpful - with a side bar for comments, lots of screen dumps etc. The nature of trading books seems to be following those of internet books generally in design and that is no bad thing.

All in all very useful

Rating: 5 stars
Summary: Great deal learnt by me
Review: This was a detailed insightful book. Took me up to a level of expertise other books lack. It also had a starter section for skimming for those who want to double check they have the right hardware and software.

The best part of the book is the details on formulating a trading plan and structure.

Very good.


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